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Jackel, Inc. has the following information for the current tax year. Gross sales $350,000 Cost of goods sold 50,000 Dividends received (10%) 40,000 Operating expenses 30,000 Charitable contributions 45,000 What is Jackel's charitable contribution deduction?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M939821

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